SVB Financial Group (NASDAQ:SIVB) had its price target upped by analysts at Bank of America from $280.00 to $300.00 in a research report issued to clients and investors on Thursday, Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the bank’s stock. Bank of America‘s target price would suggest a potential upside of 18.68% from the stock’s current price.
A number of other equities analysts have also issued reports on the company. Wells Fargo & Co reduced their target price on SVB Financial Group from $240.00 to $225.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. SunTrust Banks raised their target price on SVB Financial Group from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Royal Bank of Canada set a $265.00 target price on SVB Financial Group and gave the stock a “buy” rating in a research note on Friday, October 25th. BidaskClub lowered SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Barclays reduced their target price on SVB Financial Group from $300.00 to $275.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $265.67.
Shares of SIVB stock opened at $252.78 on Thursday. The firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 1.61 and a beta of 2.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.66 and a quick ratio of 0.66. The business has a fifty day moving average of $243.07 and a 200 day moving average of $220.15. SVB Financial Group has a 1 year low of $183.04 and a 1 year high of $259.95.
SVB Financial Group (NASDAQ:SIVB) last issued its earnings results on Thursday, October 24th. The bank reported $5.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.99 by $0.16. The company had revenue of $814.65 million during the quarter, compared to analyst estimates of $805.27 million. SVB Financial Group had a return on equity of 20.38% and a net margin of 33.95%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business posted $5.10 EPS. As a group, equities research analysts expect that SVB Financial Group will post 21.17 earnings per share for the current year.
In other SVB Financial Group news, CEO Gregory W. Becker sold 5,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $245.61, for a total transaction of $1,228,050.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory W. Becker sold 4,828 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $233.48, for a total value of $1,127,241.44. The disclosure for this sale can be found here. Insiders have sold a total of 16,541 shares of company stock worth $3,957,276 over the last ninety days. 0.73% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the company. Griffin Asset Management Inc. acquired a new stake in shares of SVB Financial Group during the 2nd quarter valued at about $28,000. Bray Capital Advisors acquired a new stake in shares of SVB Financial Group during the 3rd quarter valued at about $31,000. Mechanics Bank Trust Department acquired a new stake in shares of SVB Financial Group during the 3rd quarter valued at about $35,000. CSat Investment Advisory L.P. grew its position in shares of SVB Financial Group by 171.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 263 shares of the bank’s stock valued at $59,000 after acquiring an additional 166 shares during the period. Finally, North Star Investment Management Corp. acquired a new stake in shares of SVB Financial Group during the 3rd quarter valued at about $74,000. Hedge funds and other institutional investors own 91.52% of the company’s stock.
SVB Financial Group Company Profile
SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit and credit cards, account analysis, and disbursement, as well as online and mobile banking services.
Featured Article: Inverted Yield Curve
Receive News & Ratings for SVB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SVB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.